Question

Which Indian startup was acquired by Walmart?

• A. Big Basket
• B. Makemytrip
• C. Ola
• D. Flipkart
• E. Big Bazaar

Answer 1

The Correct Option is D

Walmart acquired the Indian startup Flipkart. Flipkart, a leading e-commerce company based in India, was founded in 2007 and grew to become a major player in the Indian market, offering a wide range of products including electronics, fashion, and more. In 2018, Walmart acquired a 77% stake in Flipkart for approximately $16 billion, marking one of the largest acquisitions by the global retail giant. This strategic acquisition allowed Walmart to enter the rapidly growing Indian e-commerce space, positioning it to compete with other major companies like Amazon. The acquisition of Flipkart represents Walmart's continuing expansion into global markets, focusing on increasing its presence in the digital retail sector.